KTIS foresees bright outlook in 2019, driven by power generation and pulp businesses. Bio businesses revenue is set to rise above 25% of total.

Energy Press Releases Thursday January 24, 2019 12:47
Bangkok--24 Jan--i2C Communications

KTIS Group expects continued growth in Bio businesses in 2019, with revenue likely to rise above one fourth of total from 22.9% in 2017 and 24.6% in 2018. Revenue from the biomass power plant remains on the upward trend, while demand for environmental-friendly bagasse paper pulp is on the rise thanks to environmental campaign.

Mr. Nathapun Siriviriyakul, Deputy Chief Executive Officer, Kaset Thai International Sugar Corporation PLC (KTIS), a leader in sugar and related industries, said that the Bio businesses which consist of a biomass power plant , a bagasse pulp and bagasse-paper packaging manufacturing plant, and the ethanol plant show continued growth, while the sugar business depends mainly on global prices.

"In the past year (ending 30 September 2018), the sugar production and distribution business contributed 75.4% of total revenue, while the Bio businesses' revenue ratio was at 24.6%, increasing from 22.9% in a year earlier. The growth was driven by the biomass power plant's outstanding performance. The Bio businesses' outlook remains bright this year. The revenue ratio should be higher than 25% as sugar cane and sugar volume in the 2018/2019 harvest year is lower than in the previous year (when the volume hit a historical record), amid global price volatility," Mr. Nathapun said.

KTIS Group witnesses continued growth in demand for bagasse paper pulp and bagasse paper pulp packaging products thanks to the environmental conservation trend. More consumers turn to 100% natural products amid campaigns against plastic and non-degradable materials.

Mr. Nathapun added that KTIS Group is moving forward along the organization's philosophy "KTIS More Than Sugar". Investment in related businesses is carefully considered while the sugar business is continually developed with KTIS Research and Development Co., Ltd.'s support, to ensure the solid and sustainable growth of KTIS Group.

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